The Peterson Cos., Fairfax, Va., and The Bozzuto Group, Greenbelt, Md., have partnered for a $90 million residential project to build 350 apartments atop retail space at the National Harbor development, according to the Washington Business Journal. The 300-acre National Harbor site rests along the Potomac River in Prince George’s County, and the project, which marks the site’s first rental development,
Washington, D.C.’s District Department of Transportation (DDOT) has detailed its opposition to various roadway-related pieces concerning a $225 million development that will connect the district’s Brookland and Edgewood neighborhoods, according to the Washington Business Journal. The opposition has delayed the 8.9-acre, mixed-use project, which is located on the former south campus of The Catholic University of America (CUA). Plans for the
Arlington, Va.-based Ironwood Realty Partners LLC has received a $48 million loan to begin construction on Garfield Park at Clarendon Village in Arlington, according to the Washington Business Journal. The $66 million project will be a mixed-use project with 149 apartments; 22,000 square feet of retail space; and 2,700 square feet of office space. The project has received one of the
Budget issues and tight private construction financing in Washington, D.C., could halt some of the city’s development projects, according to The Washington Post. The city currently is working to close a $188 million gap for the 2011 budget, and the 2012 shortfall is estimated as high as $400 million. Additionally, the district is nearing a newly created limit on borrowing. This
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